Dogecoin (DOGE) has started August with a modest rebound, climbing 3.65% over the past 24 hours to trade at $0.2092.
Despite this short-term recovery, the meme-inspired cryptocurrency remains down 7.83% over the past week, reflecting the broader cooling across the altcoin market. Market capitalization currently stands at $31.46 billion, with trading volume over the last day reaching $1.73 billion, suggesting renewed trader interest.
On the technical front, the two-hour chart shows DOGE stabilizing after a sharp decline from July highs near $0.30. The Relative Strength Index (RSI) sits just below overbought territory at 63.99, signaling that buyers have regained momentum, but the market could face resistance ahead. Price action suggests $0.22 as the first significant barrier, followed by $0.25 if bullish sentiment accelerates.
Near-Term Outlook
Perplexity AI’s August projection suggests DOGE could range between $0.18 and $0.25, depending on broader crypto sentiment and Bitcoin’s performance. A push above $0.25 could open the door toward the $0.28–$0.30 range, but failure to hold above $0.20 risks a retest of $0.18 or lower.
Key Drivers in August
Several factors could shape DOGE’s path this month:
- Bitcoin’s Market Direction – Any significant BTC rally could lift meme coins alongside the rest of the market.
- Retail Sentiment – Dogecoin’s price often responds strongly to retail hype, especially via social media.
- Elon Musk’s Influence – Even a single DOGE-related post from Musk can trigger volatility.
- Broader Altcoin Trends – DOGE may track large-cap altcoin movements if the market enters another “risk-on” phase.
While Dogecoin’s long-term fundamentals remain tied to its community and adoption in microtransactions, August’s performance will likely hinge on short-term trading dynamics.
Bullish Scenario
If DOGE sustains momentum above $0.22 with strong volume, it could aim for $0.25 and potentially $0.28 before month-end. Breaking past $0.30 would require a major sentiment shift and likely a broader crypto market rally.
Bearish Scenario
Failure to maintain $0.20 support could drag prices toward $0.18, where buyers have previously defended. A break below $0.18 might signal a deeper correction toward $0.15.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/dogecoin-price-prediction-for-august-2025-by-perplexity-ai/